Injective Introduces ‘CW-404’ To Divert Some of the ERC-404 Hype to Its Own Network

The standard brought in millions of dollars worth to the Ethereum ecosystem but has also been criticized for referencing the official “ERC” name. As a category, ERC-404 tokens are collectively worth over $173 million, data from CoinMarketCap shows, despite having been released just over two weeks ago.